Final answer:
Production plans
A service firm links strategic goals with production plans,
which cover decisions about product types, processes, output, pricing, and labor, influenced by production conditions and market structure.
Step-by-step explanation:
A service firm's sales and operations plan links the firm's strategic goals and objectives with detailed operational plans known as production plans.
Production planning involves crucial decisions regarding the nature of products, production processes, output levels, pricing, and employment of labor.
The effectiveness of these plans is contingent upon the production and cost conditions as well as the market structure the firm operates within,
which include factors like competitive dynamics, product differentiation, and barriers to entry for new companies.
A service firm's sales and operations plan links the firm's strategic goals and objectives with detailed operational plans called Production plans.